Issue of Advisor Warrants
Total Graphite plc has announced the issuance of 20,483,333 Advisor Warrants to Optiva Securities Limited, AlbR Capital Limited, and MUSST Investments LLP as remuneration for services related to recent fundraisings. These warrants, representing approximately 2.68% of the company's current issued share capital, are exercisable at prices ranging from 1.5p to 3.75p and expire between August 2027 and March 2029, with some subject to specific share price performance conditions. The exercise of these warrants is contingent upon the company securing necessary shareholder authorities.
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Total Graphite plc (TGR.L), the specialist flake graphite company and supplier of the critical mineral for the global energy transition, announces the issue of warrants to advisors in connection with recent fundraisings completed over 2025.
Advisor Warrants
As part of remuneration for their services, the Company has issued to Optiva Securities limited, AlbR Capital Limited, and MUSST Investments LLP, a total of 20,483,333 Warrants to subscribe for new Ordinary Shares in connection with the Company's recent fundraisings (the "Advisor Warrants").
The Advisor Warrants awards are as below:
| Advisor | Number of Warrants | Exercise Price | Expiry |
|---|---|---|---|
| MUSST Investments LLP | 40,000 | 3.75p | 10 Aug 2027 |
| AlbR Capital Limited^ | 1,112,000 | 1.5p | 12 May 2028 |
| Optiva Securities Limited | 5,464,000 | 1.5p | 12 May 2028 |
| Optiva Securities Limited* | 1,333,333 | 1.5p | 12 May 2028 |
| AlbR Capital Limited^ | 400,000 | 1.5p | 27 March 2029 |
| Optiva Securities Limited | 2,540,000 | 1.5p | 27 March 2029 |
| AlbR Capital Limited^ | 1,240,000 | 1.5p | 27 March 2029 |
| Optiva Securities Limited | 8,354,000 | 1.5p | 27 March 2029 |
^ At the request of AlbR Capital Limited, these warrants will be issued to certain employees of AlbR Capital Limited
* vesting 50% if the share price trades on a 10-day volume weighted average price ("VWAP") at 3.0p, and 50% if it trades on the same terms at 4.5p
The total amount of Advisor Warrants granted represent approximately 2.68% of the current issued share capital of the Company.
The exercise of the Advisor Warrants is subject to the Company obtaining the necessary share issue authorities from its shareholders.
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.